Store Credit Card Incentives
Have you ever had an in-store credit card, like a Kaufmann’s charge card, or a smaller retail establishment’s credit card before that offers incentives for buying more of your retail needs there? I recently gave in and signed up for an Express credit card, because I buy quite a few of my professional and casual clothes there. I was enticed by the fact that they gave me $15 off my order with sign up, and the fact that with each purchase, I earn points toward what they call “velvet rope rewards”, which is a point system you rack up by making purchases.
When you achieve a given amount of points, you get a card in the mail that is good for various increments of money off of your next purchase. For example, I just got a “velvet rope reward” card good for ten dollars off my next purchase. Not bad, huh? I’m usually against getting retail credit cards, but if you can make sure you pay them off every month, and the incentives are enticing enough, it actually could save you money in the long run. Oh yeah, be careful, the interest rates are usually not good on these types of credit cards, that’s why I say, try to pay them off monthly if you can.
